20-16.An IRS code criteria for a REIT to qualify as a tax-free entity is:
A) it can not issue transferable shares
B) it may be a financial institution or insurance company
C) it must derive at least 75% of its gross income from real estate related investments
D) it may not hold all of its assets in the form of mortgages
Correct Answer:
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Q3: 20-17.To qualify for REIT status it must
Q4: The main determinants of the form of
Q5: The main disadvantage of the C-corporation form
Q6: 20-18.The individual who owns real estate in
Q7: 20-10.The best form of ownership for large-scale
Q9: 20-19.Under passive loss limitation rules the limit
Q10: The following is a type of REIT:
A)
Q11: 20-11.The form of ownership that provides the
Q12: 20-14.A characteristic that does NOT distinguish a
Q13: The main disadvantage of the sole proprietorship
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